| INTEREST RECEIVABLE |
5. INTEREST RECEIVABLE As of June 30, 2026 and December 31, 2025, the Company had interest receivable of approximately $5.1 million and $4.0 million, respectively. The following tables categorize the aging of interest receivable on past due loans (including non-accrual loans) by class as of June 30, 2026 and December 31, 2025, respectively:
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As of June 30, 2026 |
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Current
Loans |
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31-60
Days
Past Due |
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61-90
Days
Past Due |
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90+ Days
Past Due
(and accruing) |
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Total
Past Due |
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Total
Loans |
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Non-
Accrual |
|
Interest receivable |
|
$ |
4,397,745 |
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|
$ |
169,950 |
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|
$ |
169,950 |
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|
$ |
339,900 |
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|
$ |
679,800 |
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|
$ |
5,077,545 |
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|
$ |
679,800 |
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Total |
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$ |
4,397,745 |
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|
$ |
169,950 |
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|
$ |
169,950 |
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|
$ |
339,900 |
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|
$ |
679,800 |
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|
$ |
5,077,545 |
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$ |
679,800 |
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As of December 31, 2025 |
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Current
Loans |
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31-60
Days
Past Due |
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61-90
Days
Past Due |
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90+ Days
Past Due
(and accruing) |
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Total
Past Due |
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Total
Loans |
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Non-
Accrual |
|
Interest receivable |
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$ |
4,009,800 |
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|
$ |
— |
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|
$ |
- |
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|
$ |
- |
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|
$ |
— |
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|
$ |
4,009,800 |
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|
$ |
- |
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Total |
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$ |
4,009,800 |
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|
$ |
— |
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|
$ |
- |
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|
$ |
- |
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|
$ |
— |
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|
$ |
4,009,800 |
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|
$ |
- |
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